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18 Apr 2013
Forex: EUR/USD back to 1.3045/50
FXstreet.com (Barcelona) - The upside momentum in the single currency faltered in the proximities of the key resistance at 1.3100 on Thursday, dragging the cross back to the mid 1.3000s.
Moving forward to Friday’s docket, German Producer Prices are due ahead of the EMU’s Current Account. A gauge of the Italian industrial sector will follow with Industrial Sales/Orders preceding the Trade Balance figures in Spain.
The G20 meeting will conclude tomorrow, opening the door to the IMF gathering over the weekend.
The cross is now up 0.11% at 1.3047.
Next resistance levels are located at 1.3108 (MA55d) followed by 1.3202 (high Apr.16) and then 1.3229 (50% of Feb-Apr slide).
On the flip side, a violation of 1.3001 (low Apr.17) would open the door to 1.2963 (low Apr.8) en route to 1.2959 (MA21d).
Moving forward to Friday’s docket, German Producer Prices are due ahead of the EMU’s Current Account. A gauge of the Italian industrial sector will follow with Industrial Sales/Orders preceding the Trade Balance figures in Spain.
The G20 meeting will conclude tomorrow, opening the door to the IMF gathering over the weekend.
The cross is now up 0.11% at 1.3047.
Next resistance levels are located at 1.3108 (MA55d) followed by 1.3202 (high Apr.16) and then 1.3229 (50% of Feb-Apr slide).
On the flip side, a violation of 1.3001 (low Apr.17) would open the door to 1.2963 (low Apr.8) en route to 1.2959 (MA21d).